EIN 36-2170136

Illinois Institute of Technology (IIT)

IRS 501(c) type
501(c)(3)
Num. employees
3,297
Year formed
1940
Most recent tax filings
2022-05-01
Description
Illinois Institute of Technology is a private, technology-focused research university offering undergraduate and graduate degrees in engineering, science, architecture, business, design, human sciences, applied technology, and law.
Total revenues
$372,778,524
2022
Total expenses
$402,266,537
2022
Total assets
$746,055,692
2022
Num. employees
3,297
2022

Program areas at IIT

INSTRUCTION SUPPORT:- Illinois Institute of Technology's (IIT) seven colleges allow students to discover new frontiers in engineering, computing, architecture, business, law, design, and science and human sciences. The school's nationally ranked undergraduate and graduate programs offer exceptional teaching that combines hands-on learning with training in entrepreneurship, design thinking, and technology. The University's emphasis on collaboration and interdisciplinary study and research will prepare students to work across traditional boundaries and to experience a professional future where success knows no limits. Since 1995, the University's signature Interprofessional Projects Program (IPRO) joins together students from various academic disciplines to work as a team to tackle real-world problems, often on behalf of companies and nonprofits that sponsor the projects, using design-centered methodology and innovative thinking. A required academic program, IPRO teaches leadership, creativity, teamwork, design thinking, and project management to prepare students to succeed in a professional work environment. IPRO student teams have explored a range of ambitious topics. These include developing a platform for safe drug disposal, designing a functional retail building that produces as much energy as it uses over the course of a year: net-zero energy, harvesting condensate from HVAC systems to create drinking water for humans, and hundreds more. Every idea needs fuel to be successful. IIT's Idea Shop helps to ignite ideas with cutting-edge tools to enable students to transform their designs, products, and inventions into reality. In this state-of-the-art, rapid-prototyping lab, full-time staff and a diverse group of student workers advise users on equipment use, mechanical and electrical design, embedded systems programming, and much more. As a campus wide resource, students can use the Idea Shop for a class, research project, or their own personal endeavor. Under the College of Architecture is the university's award-winning Design/Build studios that allow students to design and construct full-scale buildings, fulfilling the notion of a "hands-on" education. The projects are entirely designed and built by architecture students at the Illinois Institute of Technology's College of Architecture. These projects are located all over the world. From Chicago, to Germany, to Ghana, to Indonesia, to Chile, and Puerto Rico, students have traveled near and far to perform their designs. Instruction supports over 40 academic majors, more than 70 minors, and a variety of specializations and is made up of over 6,900 students, including 3,129 undergraduate, 2,990 graduate, 838 law students, and 4 students in continuing education programs. The University offered and awarded 627 bachelor, 922 master, 231 J.D., 86 Ph.D., and 2 J.S.D. degrees during the 2022 academic year.
AUXILIARY SERVICES:- This provides for campus housing and dining for the students and includes residence halls and a dining room, apartment-style buildings, eight fraternity houses, and two sorority houses.
RESEARCH:- Research is the hallmark of our culture of excellence. Our faculty, students, and staff are leading bold research and discovery in fields where technology and innovation are creating significant, meaningful change. Our researchers are conducting research that matters in our everyday lives. We are contributing to advances in computation and data, health and wellness, and urban futures. Throughout our colleges and research centers, and in topics as varied as energy, theoretical physics, and social justice, our research reflects our commitment to scientific, technological, and professional knowledge creation and innovation. Research awards received in fiscal year 2022 were $37.2 million. The University received awards in the areas of science, engineering, technology, mathematics, and food safety all of which are synergistic with the strategic plan. Notably, the Electrical and Computer Engineering Department received 30 awards totaling $3.2 million and the Computer Science Department also received 23 awards for $2.5 million. The Biomedical Engineering Department received 27 awards for $3.2 million, Mechanical Material and Aerospace Engineering 47 awards totaling $3 million, Physics Department 32 awards totaling $3.2 million and the Department of Psychology 20 awards for $1.8 million. In addition, the National Center for Food Safety and Technology received 17 awards totaling $4.5 million and the Galvin Center was granted 1 award for $5 million.
STUDENT SERVICES:- This program provides health, academic, career services, transitional assistance, student orientation and other student services including the student finance center, admissions, and registration.
ACADEMIC SUPPORT:- IIT provides students with the information skills to compete in today's challenging and rapidly changing environment through its several libraries and academic computing centers allowing students access to terminals. In addition, the Academic Resource Center office offers several programs that provide peer tutoring, exam reviews, advising and counseling.

Who funds Illinois Institute of Technology (IIT)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Renee and Edward Ross FoundationAs Needed$4,000,000
Beatrice P. Delaney Charitable FoundationGeneral$1,050,000
John W and Jeanne M Rowe FoundationGeneral Purposes of Organization$1,000,000
...and 83 more grants received totalling $14,480,802
Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL DIRECT STUDENT LOANS$19,516,687
Department of EducationFEDERAL DIRECT STUDENT LOANS$15,874,674
Department of EducationFEDERAL PELL GRANT PROGRAM$4,347,940
...and 217 more federal grants / contracts

Personnel at IIT

NameTitleCompensation
Jess GoodeChief of Staff and Vice President for Strategy$234,795
Walter HazlittInterim General Counsel and Secretary$155,582
Usha GilmoreAssistant Vice President and Athletics Director
Virginia FosterDirector of Hea Compliance Title Ix Compliance Coordinator
Kenneth JohnstonDeputy Controller
...and 4 more key personnel

Financials for IIT

RevenuesFYE 05/2022
Total grants, contributions, etc.$72,024,658
Program services$285,604,458
Investment income and dividends$3,292,287
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$1,152,269
Net gain from sale of non-inventory assets$10,704,852
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$372,778,524

Form 990s for IIT

Fiscal year endingDate received by IRSFormPDF link
2022-052023-04-18990View PDF
2020-052021-04-14990View PDF
2019-052020-10-05990View PDF
2018-052019-06-19990View PDF
2017-052018-04-10990View PDF
...and 7 more Form 990s

Organizations like IIT

OrganizationLocationRevenue
Syracuse University (SU)Syracuse, NY$1,729,445,030
Sacred Heart University (SHU)Fairfield, CT$476,875,710
Seattle Pacific University (SPU)Seattle, WA$148,499,539
Rensselaer Polytechnic Institute (RPI)Troy, NY$703,187,253
Clark UniversityWorcester, MA$198,442,361
Saint Johns University (SJU)Jamaica, NY$798,473,536
Santa Clara University (SCU)Santa Clara, CA$737,403,416
Pace UniversityNew York, NY$627,806,353
Worcester Polytechnic Institute (WPI)Worcester, MA$444,871,646
Clarkson UniversityPotsdam, NY$262,243,512
Data update history
July 5, 2023
Used new vendors
Identified 12 new vendors, including , , , , , , , , , , , and
June 15, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 15, 2023
Updated personnel
Identified 15 new personnel
May 10, 2023
Used new vendors
Identified 2 new vendors, including , and
May 7, 2023
Received grants
Identified 1 new grant, including a grant for $20,000 from Great Lakes Region Organizing Committee
Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
Education
Characteristics
Political advocacyLobbyingOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donations
General information
Address
3424 S State St TC-4 FL
Chicago, IL 60616
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
Website URL
iit.edu/ 
Phone
(312) 567-3000
Facebook page
illinoistech 
Twitter profile
@illinoistech 
IRS details
EIN
36-2170136
Fiscal year end
May
Taxreturn type
Form 990
Year formed
1940
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B43: University or Technological Institute
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Central organization
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